The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1887-12-19
THE CITY's FINANCES.
Report of the Finance Commit
tee Saturday Evening.
Tho Street Paving Question Again.
An Interesting Council Meeting.

AT tie city council meeting Satur-
day night under the head of commit
tee reports, Mr. Cockre)l, finance, subu
mitted the following report and rec
concentrations.
Persuant to a sesolution passed by
your honorable body requiring that
your finance committee make full
and elaborate report Of the finances of
our city, we beg to report; After
careful investigation Of the statements
of various departments, as submitted
by the city secretary, we find that the
city's finances are in very creditablo
condition, and that the budget, as sub
mitted by your committee aud adopt
ed by your honorable body for 1887
and 1883, has proven ample for the
various departments, The total re-
ceipts Of the general fund from all
sources amount to 1857, 505.6S, of
which $224,009 is from the proceeds of
the sale of bonds, discounts of notes
and transfers from other departments,
leaving net receipt from the general
revenue OF 1888, 505.63. Total disbursc.
mcnts from the general fund $780,
1885, OF which $3.50, 1G2.9S is for notes
paid and TO other funds, leaving net
disburs emcnt OF 1929, 3l6.S7, and to the
credit of the general fund S6,559.5S, as
per statements attached. Your COM
mittce on finance would respectfully
recommend the sale of 100000 water
works bonds that the general and
other funds be repaid the amounts due
them, and that the balance yet due on
contracts to be poid from the salo Of
other bonds, or a sufficient amount to
entirely lixuidate the indebtedness of
the general fund, and to meet all 9TH
or contracts that may be entered into
during the present administration (for
paving or otherwlse) and that no more
money be voted out OF the general
fund but that the amount there be
retained for such purt oses as it was
intended for.
Our bonded indebtedness amounts
actually $685. but we have issued
and not yet disposed of $4,000 worth
of water works bonds. Should we
dispose of these bonds there will be
to the credit of the water works fund,
after paying back the amount due to
the general fund, about $4,000, aud
all funds will be balanced.
10 the rport was appended the fol-
lowing statement:
Assets of the general fund: Due
from other funds, S35, 663.83; amount
to the credit of the general Dec. ] g,
1887, $7559.5S, due from sinking fund j.,
$4,000; approximate revenue to be col
lected to Apr IS, 1888, $43, 439.S9; in
tcrest on railroad bonds, 1926 20.
Total 96,0SS 30.
Liabilities of the general fund :
Notes maturing prior to Feb. 26, 1885,
$18,36l 50; balance due OIL contracts
S54,7l234; amount due OH budget, 81,
093S1 Total $l30,167.67. Excess of
liabilities over assets, S34, 079.37. -
Expenditures, waterwork g.
Cash paid out, S29, 09S,59 r
S406l.52. Total 1913, l60.
Receipts, waterworks
273.54; expenditures oy
receipts, $l2 ,SS6.57. The
for improvements in thi
were $13,407.21.
Total amount due the
by the water-supply tu
Receipts grneral sch6
314.1S; expenditures, 81
fers, $1,000; balance TO Il
land, $lS2S.35'
Balance due from g,
ecial school fund, Sic
al school fund by bud
Budget for 1887 and
expenditures OF variou
20 Dec. /. not including
payroll, $50. 0O6 10; amt
budget, S57'033sl.
Net disbursements Fl